Tibco Software Inc. (NASDAQ: TIBX) said that its board of directors has unanimously initiated a review of a variety of strategic and financial alternatives available to the company through the formation of a special committee of independent directors.
Wilson Sonsini Goodrich and Rosati and Goldman, Sachs and Co. have also been retained to assist in this review.
“Following a detailed evaluation over the past several months, we have determined that it is prudent to undertake a wide review of strategic and financial options to see which alternative or alternatives, including our standalone plans, are in fact the best way to maximize shareholder value,” said Vivek Ranadivé, Tibco´s CEO.
Tibco Software is a leader in infrastructure and business intelligence software. Its website is at www.tibco.com.